10 December 2008 - by davidguide
A survey of metro areas focused on where residents face the greatest risk of “rate shock.”
ACORN, a nationwide community activist organization looked at 130 metro areas, focusing on loans in the subprime market, including adjustable-rate mortgages.
ARMs are known for producing “rate shock” as interest rates increase. Most ARMs begin with low payments that increase significantly after the first year or two. Subprime loans are offered to borrowers who have less than perfect credit and do not qualify for low interest rates. Read the rest…
4 December 2008 - by davidguide
Getting a business startup loan is never a cakewalk. And in this economy … yeeesh. “Challenging” doesn’t quite describe it. The economy is one big lemon right now. Squeezing out a drop or two of sweetner for your business presents unusual challenges.
Ironically, business startup loans are still being made. Maybe not as many as a couple of years ago, but they are still being made. Some of that funding can be yours, even if your business is a startup. There are steps that creative entrepreneurs can take to get that funding. Read the rest…
